Rothschild Bank AG Zurich - Rothschild | Private Banking & Trust

Income Statement
for the period 1st April to 31st March
2009/10 2008/09 Change
Notes 1000 CHF 1000 CHF 1000 CHF %
Interest and discount income 14,583 37,358 – 22,775 – 61.0
Interest and dividend income on financial investments 3,025 4,076 – 1,051 – 25.8
Interest expense – 1,889 – 20,291 18,402 – 90.7
Net interest income 15,719 21,143 – 5,424 – 25.7
Commission income on lending activities 490 556 – 66 – 11.9
Commission income on asset management 63,645 59,714 3,931 6.6
Commission income on other services 5,695 3,470 2,225 64.1
Commission expense – 2,193 – 2,289 96 – 4.2
Net commission income 67,637 61,451 6,186 10.1
Results from trading operations 11 19,579 16,699 2,880 17.2
Results from the sale of financial investments 26 – 112 138 – 123.2
Participation income 12,306 17,589 – 5,283 – 30.0
Net income from real estate holdings 1,113 2,513 – 1,400 – 55.7
Total other ordinary results 13,445 19,990 – 6,545 – 32.7
Total income 116,380 119,283 – 2,903 – 2.4
Personnel expenses – 64,563 – 61,749 – 2,814 4.6
Other operating expenses – 18,986 – 19,818 832 – 4.2
Total operating expenses – 83,549 – 81,567 – 1,982 2.4
Gross profit 32,831 37,716 – 4,885 – 13.0
Depreciation and write-offs of non-current assets 12 – 16,407 – 4,584 – 11,823 257.9
Valuation adjustments, provisions and losses – 314 – 424 110 – 25.9
Result before extraordinary items and taxation 16,110 32,708 – 16,598 – 50.7
Taxation – 1,500 – 4,195 2,695 – 64.2
Net profit 14,610 28,513 – 13,903 – 48.8
Part 3 Rothschild Bank AG Zurich
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